Benefits & Compensation

Health Care

We offer two medical plan choices that include hospital, physician, surgical and prescription drug coverage for employees and their dependents. Coverage is effective on the employee's hire date. AeroVironment (AV) shares in the cost of this benefit with the employee.

Dental Care

We provide dental coverage for employees and their eligible dependents. The cost for employee coverage is paid by AV. AV also contributes to the cost for dependent coverage. Coverage is effective on the employee's hire date.

Flu Shots

Company paid flu shots are offered annually to all employees.

Health Club

AV maintains a corporate membership with 24 Hour Fitness that gives employees a waiver on initiation fees and a discount on membership fees.

Vision Care

Vision services are available through a voluntary program. Vision services include annual eye exams, standard lenses, frames and contact lenses. The cost for this benefit is paid by the employee.

401(k) Plan

AV maintains a 401(k) plan that allows employees to tax defer up to 75% of their pay (subject to IRS restrictions and limitations). Employees may join the 401(k) plan upon completion of one full pay period with the company. After the completion of one full year of service, AV will make matching contributions up to 5.75% of eligible compensation. Vesting of the Company match is 20% per year and begins on the employee's hire date.

Life Insurance/AD&D

provides Life/AD&D insurance for all employees. This benefit becomes effective on the employee's hire date and is paid for by AV. Employees can also purchase additional Life/AD&D insurance for themselves and their spouse and children through a voluntary benefit program.

Long-Term Disability

Long-term disability insurance is provided for all employees. This benefit becomes effective on the employee's date of hire and is paid for by AV.

Voluntary Supplemental Insurance

AV in coordination with AFLAC provides several voluntary benefit plans, which offer supplemental financial support for a variety of situations. The cost for these programs are paid by the employee. The types of policies offered include:

• Flexible Spending Accounts - medical & dependent care
• Accident Indemnity Plan
• Cancer Indemnity Plan
• Disability Income Protector: Short Term

Long Term Care

Long Term Care coverage is available through a voluntary program. This type of coverage provides needed resources for care when an individual requires help with two or more activities of daily living or when an individual suffers a severe cognitive impairment. The cost for this benefit is paid by the employee.

Credit Union

Employees may join the Technology Federal Credit Union, which provides a wide array of services for a nominal membership fee. This benefit is available to all employees and their family members. Tech Fed is now among the top 1% of the nation's largest credit unions. Tech Fed is affiliated with other Credit Unions to make benefits accessible to employees in all locations.

Discounts

AV offers discount programs at various local attractions. In addition, we sell movie tickets for several theater chains at a discounted price.

Casual Dress

Every day is "casual Friday."

Ride Share Program

AV is committed to environmental and energy objectives. As such, we encourage employees to ride share or use alternative methods of commuting to and from work. The company provides cash and gift incentives for those employees who make significant efforts to decrease the number of single vehicle trips they make to and from work.

Beverages

Coffee, cocoa and tea are free and available in all facilities.

Company Sponsored Events

Throughout the year, AV sponsors events for employees and their families. Each year we have a family picnic and a holiday party. We often surprise our employees with T-shirts to commemorate new products and company wins.

AV offers a generous vacation plan that starts to accrue upon an employee's hire date.

AV recognizes 10 or 11 paid holidays per year:

• Memorial Day
• Independence Day
• Labor Day
• Thanksgiving Day
• Christmas Season: (The company closes from December 24th through January 1st each year.)

The total number of holidays recognized vary from year to year depending on where Christmas falls in the week. Eligibility for the Christmas season holidays is in accordance with an employee's hire date.

Sick leave benefits start to accrue upon an employee's hire date and can also be applied for medically related appointments, caring for a sick child, or for a serious illness or death in your family. Employees with excellent attendance may participate in our Sick Leave / Vacation Conversion Plan.

AV acknowledges that there are times when employees need to care for children that are inconsistent with work related responsibilities. Whenever possible, AV tries to accommodate these needs while meeting business requirements.

• Employees can use their accrued sick leave to assist in the nurture and care of their newborns or newly adopted children.
• Employees may use their accrued sick leave to care for an ill child.
• As long as it does not have an adverse effect upon business, AV will accommodate flexible work hours.

The EAP provides confidential assessment, referral and follow-up services to help assist employees and their family members in managing issues that affect their daily life.

AV encourages personal learning and growth. To help foster an environment that supports these goals, AV has an educational assistance program, which is designed to provide financial assistance for pre-approved educational courses or seminars.

As part of our ongoing commitment to employee development, we have an e-Learning program called "AV University." e-Learning is a developmental tool that employee's can utilize to expand their knowledge base, in their own time, and at their own pace regardless of their location.